The swings and fascinations of this year’s financial markets.

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 20 March 2021

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week’s Money Matters, Scott and Pat discuss new investment schemes and shiny object scams that are good for TV ratings but will likely end poorly for most investors. Scott and Pat advise a caller about how to invest the equity proceeds from a company sale. A man asks if selling his mutual funds to buy exchange-traded funds (ETFs) makes sense from a tax perspective. A long-time listener wonders whether she should pay off the remaining portion of her home loan or refinance. A 73-year-old woman wants to know if she should migrate her two mutual funds to broaden her portfolio. A 55 year-old-man man just sold a townhouse in Silicon Valley and wants to invest $1.2 million in proceeds. Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com. Download and rate our podcast here.

Transcript

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0:00.0	Would you like an opinion on a financial matter you're dealing with?
0:19.0	Whether it's about retirement, investments, taxes, or 401ks,
0:23.7	Scott Hansen and Pat McLean would like to help you by answering your call
0:27.5	to join Allworth's Money Matters.
0:29.5	Call now at 83399 Worth.
0:32.2	That's 83399 W-O-R-T-H.
0:38.1	Welcome to Allworth's Money Matters, Scott Hanson.
0:40.8	Pat McLean.
0:42.1	Glad you are joining our program today, both myself and my co-host here.
0:45.8	We're both financial advisors, certified financial planner, chartered financial consultant.
0:50.7	We spend our weekdays with people like yourself and broadcast on the weekends to be your financial advisors on the air.
0:57.7	We're talking about essentially just about anything related to finances.
1:03.5	And I love to take your call.
1:08.5	The financial markets this year, they're always a little bizarre.
1:13.9	They always go their own directions.
1:15.3	No one could ever predict where they're going to go.
1:16.6	But some of the swings that in some particular companies are just my...
1:22.7	Scott, it is absolutely fascinating to me these how Reddit and pump and dump scams have actually gone
1:34.6	mainstream which you're like what's pumping dump right pump up that stock let's get excited about
1:41.6	let's get other people to buy it let's get that price up right and then let's be the first ones to sell. So the wolf of Wall Street, by the way,
1:48.0	I'm not recommending movie, but the wolf of Wall Street is about a pump and dump scheme.
1:53.3	That's what it is about. And it feels like this is just what people are doing on. So in the last
	...

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